Mr. Lawrence Page reports

PARADIGM GOLD CLOSES NON-BROKERED PRIVATE PLACEMENT

Paradigm Gold Corp. has closed the second tranche of its previously announced non-brokered private placement, raising a total of $190,000.

In this second tranche, the company issued 400,000 non-flow-through (NFT) units at a price of 10 cents per NFT unit for gross proceeds of $40,000. In the first tranche, the company issued 1.5 million NFT units for gross proceeds of $150,000. Each NFT unit consists of one non-flow-through common share and one-half share purchase warrant, with each whole warrant exercisable to purchase one non-flow-through common share at an exercise price of 15 cents for a period of three years from the date of issue.

The company paid finders' fees of $3,000 and issued 30,000 finders' warrants in connection with the offering. Each finder's warrant is exercisable to purchase one common share at an exercise price of 15 cents for a period of three years from the date of issue. All securities issued under this second tranche will be subject to a hold period until April 12, 2026. The offering and payment of finders' fees are subject to TSX Venture Exchange acceptance.

Net proceeds from the offering will be used to finance costs associated with an exploration program on the 100-per-cent-owned Swift-Katie gold/copper project in the Golden Arc district in British Columbia, consisting of five priority targets identified over a 2,500-metre strike length, as well as for working capital.

Robert Macdonald, MSc, PGeo, is the exploration manager of Paradigm Gold and a qualified person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Swift-Katie project and for the preparation of the technical information in this disclosure. He has approved the release of this news release.

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